https://www.taxtmi.com/caselaws?id=108377 A cheque issued by a Managing Director for a company's liability was treated as falling within section 138 of the Negotiable Instruments Act even though the account belonged to a sister concern, so the maintainability objection failed. However, once statutory notice under section 138 had been issued, the complainant could not re-present the same cheque to create a fresh cause of action; the later dishonour did not revive limitation under section 142. On the facts, the notice requirements and limitation were not satisfied, and the conviction and sentence were ultimately set aside with refund of the fine, if paid. en-us Fri, 24 Jan 2003 00:00:00 +0530 Sat, 31 Mar 2012 12:48:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108377 A cheque issued by a Managing Director for a company's liability was treated as falling within section 138 of the Negotiable Instruments Act even though the account belonged to a sister concern, so the maintainability objection failed. However, once statutory notice under section 138 had been issued, the complainant could not re-present the same cheque to create a fresh cause of action; the later dishonour did not revive limitation under section 142. On the facts, the notice requirements and limitation were not satisfied, and the conviction and sentence were ultimately set aside with refund of the fine, if paid. Case-Laws Companies Law Fri, 24 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108377